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thanks You want to have $2.5 million in real dollars in an account when you retire in 30 years. The nominal return on your investment
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You want to have $2.5 million in real dollars in an account when you retire in 30 years. The nominal return on your investment is 13 percent and the inflation rate is 5 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice $23,660.06 O $8,526.63 $24,843.06 $24,606.46 Step by Step Solution
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